Oil prices fell on Friday, suffering a loss for the week.
The West Texas Intermediate (WTI) for March delivery dropped 1.33 U.S. dollars, or 1.6 percent, to settle at 79.68 dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery lost 81 cents, or 0.9 percent, to close at 86.66 dollars a barrel on the London ICE Futures Exchange.
For the week, the WTI dipped 2.4 percent, while Brent lost 1.1 percent, based on the front-month contracts.
